Examples of Acquisition Term Loan Maturity Date in a sentence
The BORROWERS agree to pay interest on the unpaid principal amount of the Acquisition Term Loan until the Acquisition Term Loan Maturity Date at the Applicable Term Loan Margin.
After the Maturity Date or Acquisition Term Loan Maturity Date, as applicable, interest shall be payable on demand.
The Borrower may, at its option, by notice to the Administrative Agent (who shall promptly notify the Acquisition Term Loan Lenders) not earlier than one hundred twenty (120) days and not later than thirty (30) days prior to the then applicable Acquisition Term Loan Maturity Date (the date of such notice, the “Acquisition Term Loan Extension Request Date”), elect to extend the Acquisition Term Loan Maturity Date twice, the first extension until June 27, 2018 and the second extension until June 27, 2019.
In the event Borrowers do not activate either tranche of the Acquisition Term Loan prior to the Acquisition Term Loan Maturity Date, in addition to repayment of all Obligations related to the Acquisition Term Loan, BORROWERS shall unconditionally be obligated to pay at the time of such termination, an Acquisition Term Loan Termination Fee equal to one percent (1.00%) of the Acquisition Term Loan Amount.
On the 2018 Acquisition Term Loan Maturity Date, Borrowers shall repay to Lender an amount equal to the then remaining outstanding principal amount of the 2018 Acquisition Term Loan, together with all unpaid interest, fees, costs and any other unpaid amounts provided for in the Financing Documents in respect thereof payable hereunder.
The outstanding principal balance of the Acquisition Term Loan, together with all unpaid accrued interest thereon, shall be due and payable on the Acquisition Term Loan Maturity Date.
Borrower’s final Acquisition Term Loan Payment, due on the Acquisition Term Loan Maturity Date, shall include all outstanding principal and accrued and unpaid interest under Acquisition Term Loan.
The Borrower shall repay to the Acquisition Term Loan Lenders on the Acquisition Term Loan Maturity Date the aggregate principal amount of Acquisition Term Loans outstanding on such date.
To the extent not previously paid, all Acquisition Term Loans shall be due and payable on the Acquisition Term Loan Maturity Date, together with accrued and unpaid interest on the principal amount to but excluding the date of payment.
The BORROWERS further agree to pay interest on the unpaid principal amount of the Acquisition Term Loan after the Acquisition Term Loan Maturity Date, until paid, at a rate equal to the Default Rate.